More than 60 people attended the rural property sale of the highly regarded Dunvegan Aggregation, which had been owned and operated by the Solman family since 1848.
The land – including three main blocks covering 1765ha – had become known for its well-established pastures supported by more than 55 years of fertiliser history.
It includes a three-bedroom house, four sets of cattle yards, quality sheds and sheltered grazing fenced into 40 paddocks.
With the area receiving a reliable 900-950mm rainfall, the property also has more than 40 dams and five creeks, which are used to water the paddocks.
Rewarding 173 years of single-family ownership, the rural property sale fetched $5382ha, with semi-retirement next on the agenda for the vendors.’
Ray White Rural at Glen Innes reported widespread interest in the New England region from producers seeking safe grazing country in a cooler climate.
The winning bidder, who did not want their identity disclosed, will move onto an aggregation ready to perform at a high level for the grazing and farming pursuits of their choice.
While selling for $5382ha, the sale was dwarfed by a sale of land in the Wimmera region, which sold for a record $7750 an acre.
The price for the 347 hectare (857 acre) parcel of dedicated farm land comfortably eclipsed the previous record of $6820/ac, which was seen at Kaniva the month prior.
Local famers purchased the property from the previous owner, who had owned the land for the past 55 years.
The reliable 485mm annual rainfall at Miga Lake was a major selling point for the property, which is nearly all arable – primarily heavy grey clays.
The sale is a great vote of confidence in agriculture for the region, while also representing a quantum shift in pricing – five years earlier the average values in the Miga Lake district were between $1800 to $2200 an acre.
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